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BC-Money & Markets Digest

March 28, 2019

Money & Markets modules for Friday, March 29

TODAY

Ride-hailing company Lyft is scheduled to make its stock market debut. The Commerce Department issues its monthly snapshots of consumer spending and sales of new U.S. homes.

SPOTLIGHT

Lululemon Athletica shares soared to an all-time high after the athletic wear company reported a more than 80 percent jump in quarterly profit.

CENTERPIECE

Turbulence ahead

Shares in the managed care sector slipped earlier this month after “Medicare for All” legislation was introduced in Congress. They’ve largely recovered, but investors may need to buckle up for a roller coaster ride.

STORY STOCKS

Accenture (ACN)

Lululemon Athletica (LULU)

PVH (PVH)

Five Below (FIVE)

Movado (MOV)

Nielsen (NLSN)

Wabco (WBC)

Verint Systems (VRNT)

FUND FOCUS

Columbia Large Cap Growth (LEGAX)

This fund “doesn’t offer a competitive edge,” Morningstar says, and the recent departure of a co-manager weighs against it. It’s “not a compelling option.”

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